This article presents a theoretical model of the role of intra-regional economies of scale and inter-regional externalities across a three dimensional regional economy. Kubo's (1995) two-dimensional analysis is extended to study the dynamic properties of the development of the three regions. We...

This study presents theoretical models of the role of externalities across two and three dimensional regional economy. Two decades ago Krugman (1981) developed a model of uneven regional development. He showed that initial discrepancy in capital-labour ratios of the two adjacent, competing...

Innovation is the driving force of the economy and it is the most important factor to the competitiveness of firms. Firms' capability to innovate, introduce new products to the market and develop new production methods has a significant effect on their success in the domestic and international...